Asset Management One Co. Ltd. Raises Holdings in Broadstone Net Lease, Inc. (NYSE:BNL)

Asset Management One Co. Ltd. grew its holdings in Broadstone Net Lease, Inc. (NYSE:BNL - Free Report) by 4.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 367,329 shares of the company's stock after acquiring an additional 16,400 shares during the quarter. Asset Management One Co. Ltd. owned 0.19% of Broadstone Net Lease worth $5,855,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the business. Evermay Wealth Management LLC raised its stake in shares of Broadstone Net Lease by 1.4% in the third quarter. Evermay Wealth Management LLC now owns 49,186 shares of the company's stock worth $937,000 after purchasing an additional 677 shares during the last quarter. State of Alaska Department of Revenue increased its holdings in Broadstone Net Lease by 1.0% in the 4th quarter. State of Alaska Department of Revenue now owns 90,318 shares of the company's stock worth $1,432,000 after buying an additional 882 shares during the period. Cerity Partners LLC raised its position in Broadstone Net Lease by 2.2% during the 3rd quarter. Cerity Partners LLC now owns 40,480 shares of the company's stock worth $767,000 after buying an additional 886 shares during the last quarter. Blue Trust Inc. raised its position in Broadstone Net Lease by 23.7% during the 4th quarter. Blue Trust Inc. now owns 4,827 shares of the company's stock worth $77,000 after buying an additional 925 shares during the last quarter. Finally, Stifel Financial Corp lifted its stake in Broadstone Net Lease by 6.5% during the 3rd quarter. Stifel Financial Corp now owns 15,470 shares of the company's stock valued at $293,000 after acquiring an additional 939 shares during the period. Hedge funds and other institutional investors own 89.07% of the company's stock.

Broadstone Net Lease Trading Down 0.5 %

Shares of Broadstone Net Lease stock traded down $0.08 during trading hours on Friday, reaching $15.96. The stock had a trading volume of 1,015,373 shares, compared to its average volume of 1,053,893. The stock's 50 day moving average is $15.82 and its 200 day moving average is $17.17. Broadstone Net Lease, Inc. has a twelve month low of $14.20 and a twelve month high of $19.15. The firm has a market capitalization of $3.01 billion, a PE ratio of 18.34 and a beta of 1.11.

Broadstone Net Lease (NYSE:BNL - Get Free Report) last issued its quarterly earnings results on Wednesday, February 19th. The company reported $0.36 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.20 by $0.16. The company had revenue of $112.13 million for the quarter, compared to the consensus estimate of $109.80 million. Broadstone Net Lease had a return on equity of 5.10% and a net margin of 37.62%. As a group, sell-side analysts predict that Broadstone Net Lease, Inc. will post 1.43 earnings per share for the current year.

Broadstone Net Lease Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be paid a $0.29 dividend. The ex-dividend date is Monday, March 31st. This represents a $1.16 dividend on an annualized basis and a yield of 7.27%. Broadstone Net Lease's dividend payout ratio is currently 133.33%.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on BNL shares. UBS Group assumed coverage on shares of Broadstone Net Lease in a report on Thursday, November 14th. They set a "neutral" rating and a $18.00 target price for the company. Citizens Jmp raised Broadstone Net Lease from a "hold" rating to a "strong-buy" rating in a report on Tuesday, December 17th. Finally, JMP Securities upgraded Broadstone Net Lease from a "market perform" rating to an "outperform" rating and set a $21.00 target price on the stock in a research note on Tuesday, December 17th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $18.60.

Broadstone Net Lease Company Profile

Broadstone Net Lease, Inc (the Corporation) is a Maryland corporation formed on October 18, 2007, that elected to be taxed as a real estate investment trust (REIT) commencing with the taxable year ended December 31, 2008. Broadstone Net Lease, LLC (the Corporation's operating company, or the OP), is the entity through which the Corporation conducts its business and owns (either directly or through subsidiaries) all of the Corporation's properties.